497 results found for "tax flight"

Jobs are creeping back—and child poverty is too

…the Earned Income Tax Credit (EITC), Child Tax Credit (CTC), and Supplemental Nutritional Assistance Program (SNAP)—helped lower the supplemental poverty rate. Under the official poverty measure, those benefits weren’t counted…

Stephanie Yu will take leadership of Public Assets Institute January 1

…funding, family economic security, and making state tax and budget decisions transparent, inclusive, and responsive to Vermonters’ needs. “We are fortunate to have Steph’s experience and insights to lead Public…

Student loan relief also comes with tax relief

…income taxes, student loan write-offs won’t be taxed at the state level either for the next few years. Some states are choosing to tax the new debt relief. The Vermont…

State revenue: What do we want for the new “normal”?

…income taxes are up, meals and rooms taxes are up, and so are corporate taxes. Now is the time to start planning for when revenues come back down to earth….

A flexible, effective revenue adjustment tool

…taxes in the country because the federal income tax was much more progressive than typical state income taxes. Under the federal system, income is taxed in tiers, and income in…

Public Assets Announces Retirement of Paul Cillo

…expansion of the Earned Income Tax Credit (EITC) as well as other improvements to the state income tax that increased its fairness, and changes to public education funding that have…

Vermont needs to make a real, ongoing commitment to our kids

We saw first-hand how the expanded 2021 federal child tax credit (CTC) reduced child poverty in the country. The additional income to families from refundable state credits like CTCs has…

The Ed Fund needs an outside opinion

…COVID-19 pandemic. In addition to property taxes, the sales and use tax and a portion of the rooms and meals tax support the Education Fund. These non-property tax revenues jumped…

A big opportunity to improve school funding

…Vermont Tax Structure Commission, which recommended the income-based tax after studying the state’s tax system for more than two years. (Full disclosure, Paul Cillo, executive director of Public Assets, also…

Vermont Child Tax Credit: Good for kids, good for the economy

Last week the Vermont House passed a child tax credit bill. If the legislation becomes law, it would go a long way toward helping over 34,000 families with children, especially…

Brigham Decision: Shared responsibility for funding education

…town had its own property-tax base, and the taxes generated were used to educate only the schoolchildren from that town. Some towns had lots of valuable property—businesses, factories, second homes—and…

Task Force uncovered flaws with student-count weights

…certain students. By counting these students as fractionally more than one pupil, the funding system can deliver additional money to schools without increasing the school district’s tax rates. The Pupil…